A creditor’s obligation to assess the creditworthiness of a consumer
In examining the case of Nárokuj s.r.o. v EC Financial Services, a.s (C-755/22), the Court of Justice of the European Union (the “CJEU”) considered the obligation which banks are subject to prior to the granting of credit to consumers.
DORA Trifecta – Three delegated regulations adopted by the Commission
Three delegated regulations under the Regulation on digital operational resilience for the financial sector (Regulation (EU) 2022/2554 or “DORA”) have been adopted by the European Commission.
Amendment to Subcontracting Act (Maximum 5 Times Punitive Damages for Misappropriation of Technology)
The Korea Fair Trade Commission’s (KFTC) proposed amendment to the Fair Transactions in Subcontracting Act (Subcontracting Act) was approved by the National Assembly during its plenary session on February 1, 2024 and will take effect on August 28, 2024.
Australian Treasury’s 2-year Competition Taskforce kicks off to tackle productivity gains
On 23 August 2023, the Australian Treasurer, Dr Jim Chalmers MP and the Assistant Minister for Competition, Charities and Treasury and Assistant Minister for Employment, Dr Andrew Leigh MP, issued a joint media release in relation to the establishment of a Competition Taskforce (Taskforce) to review Australian competition laws, policies and institutions. The Taskforce is …
50 years on: evolution in Australian competition and consumer protection law
On the 50th anniversary of the commencement of federal regulation of competition and consumer law in Australia, there is an open question as to whether the Government will miss the opportunity to implement necessary changes to that regulatory regime to address unique issues arising from challenges created in the digital services sector, where a small …
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SUBMISSION ON AUSTRALIA’S MERGER RULES AND PROCESSES
Introduction This submission is from Quay Law Partners, a specialist Australian regulatory law firm based in Sydney.
Meta & Australia’s News Media Bargaining Code
On 29 February 2024 Meta announced it would turn off Facebook News on its ubiquitous social media site in Australia and that it would not be renewing deals with Australian media businesses, put in place three years ago, to pay those businesses for their news content. The Australian Government has reacted strongly to Meta’s announcements. …
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Birth Tourism on the Rise: Exploring the Complexities of Immigration Firms Offering Birth Tourism Services In Canada
In recent years, the phenomenon of “birth tourism” has captured significant attention as individuals and families seek Canadian citizenship for their children by giving birth within the country’s borders.
Tax on Foreign Banks Operating in the Emirate of Dubai
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of the Emirate of Dubai issued Law No. 1 of 2024 regarding Tax on Foreign Banks Operating in the Emirate of Dubai (“Law”).
Key to Preventing Cargo Fraud: The Power of Shipping Policies
Shipping Policies When it comes to shipping goods across international borders, there are a number of checks and balances in place to ensure that the cargo is delivered to the correct recipient.